Short sellers are betting more against SPACs

[NewsFeeder]

Short sellers are betting more against SPACs

Short sellers have increasingly bet against so-called SPACs since the start of the year.

More @ CNBC...

 

[Bullitt]

From the SEC website. Note their use of bold italics in the last sentence.

However, celebrity involvement in a SPAC does not mean that the investment in a particular SPAC or SPACs generally is appropriate for all investors. Celebrities, like anyone else, can be lured into participating in a risky investment or may be better able to sustain the risk of loss. It is never a good idea to invest in a SPAC just because someone famous sponsors or invests in it or says it is a good investment.

https://www.sec.gov/oiea/investor-alerts-and-bulletins/celebrity-involvement-spacs-investor-alert